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Category Mempool Congestion

MainNewsMempool Congestion
Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog

Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog

Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, ...
Jun, 27, 2024
by Bitcoin News
From Half a Million to 27K: Bitcoin’s Transaction Backlog Set to Clear for First Time in Four Months

From Half a Million to 27K: Bitcoin’s Transaction Backlog Set to Clear for First Time in Four Months

It’s been a captivating four months since Bitcoin’s mempool last emptied, and with the recent downturn in Ordinal inscriptions this month, the back...
Oct, 03, 2023
2 min read
by Bitcoin News
Amid Falling Inscriptions, Bitcoin Miners Chip Away at Transaction Backlog

Amid Falling Inscriptions, Bitcoin Miners Chip Away at Transaction Backlog

Bitcoin miners have been steadily clearing the mempool of unconfirmed transactions since the number almost reached 700,000 on September 6, 2023. Cu...
Sep, 30, 2023
1 min read
by Bitcoin News